A risk off day in the outside markets, including DOW, pulled down livestock and soybeans. Wheat put in weather premium and pulled corn higher. Jim McCormick of AgMarket.Net has details.
Risk Off in Outside Markets Pulls Down Livestock and Soybeans: Corn and Wheat Correct and Put in Weather Premium
A risk off day in the outside markets, including DOW, weighs on livestock and soybeans. Wheat put in weather premium and pulled corn higher in the process. Jim McCormick of AgMarket.Net has details.
December 15, 2022 02:00 PM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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